Real Estate Coaching For Success With Mike Peters & Elizabeth Kelly

The Wisdom, Lifestyle, Money, Show

Elizabeth Kelly, a real estate coach and investor, shares her journey from investor to coach and the importance of finding the right strategy for individual goals. She emphasizes the need for a power team of professionals, including realtors, lawyers, accountants, home inspectors, and appraisers, to support investors in making informed decisions. Elizabeth also discusses the rent-to-own strategy and the importance of integrity and knowledge in selecting team members. She highlights the significance of aligning strategy with goals and the value of connecting investors with others in similar situations for accountability and joint venture opportunities. Elizabeth shares her experience investing in various provinces and the importance of considering market preferences and personal goals when choosing investment locations. Elizabeth Kelly discusses the importance of finding the right real estate strategy for each market and the need to vet experts before recommending them to clients. She also emphasizes the value of creative financing options, such as rent-to-own, for first-time homebuyers. Elizabeth highlights the challenges faced by new investors, including overwhelm and the need to find the correct support system. She also shares her passion for assisting people in achieving their real estate goals and the importance of optimizing portfolios. The conversation concludes with a discussion on CMHC financing and the need for strategic planning in commercial mortgages.

• (00:00) - Introduction and Background
• (02:57) - Aligning Your Real Estate Strategy with Your Goals
• (08:39) - Building a Power Team for Real Estate Success
• (11:56) - Exploring the Rent-to-Own Strategy
• (15:26) - Finding Hot Real Estate Markets
• (22:44) - Finding the Right Fit: Real Estate Investment Strategies and Market Compatibility
• (24:59) - House Hacking: A Strategy for First-Time Homebuyers
• (27:49) - Navigating Overwhelm: The Importance of Expert Guidance for New Investors
• (31:04) - Integrity in the Real Estate Industry: Recommending Credible Strategies and Professionals
• (36:56) - CMHC Financing: Considerations for Cash Flow and Property Upgrades
• (40:46) - Transitioning from Private Financing to CMHC: Challenges for Investors with Large Portfolios

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Takeaways

• Finding the right strategy is crucial for real estate investors to align with their goals and personal circumstances.
• Building a power team of professionals, including realtors, lawyers, accountants, home inspectors, and appraisers, is essential for making informed decisions and ensuring success.
• Integrity and knowledge are key factors in selecting team members for a real estate investment journey.
• Investors should consider their market preferences and personal goals when choosing investment locations.
• Connecting with other investors in similar situations can provide accountability and joint venture opportunities. Not every real estate strategy works in every market, so it's important to find the right fit for each location.
• Vetting experts and trying out strategies yourself before recommending them to clients is crucial for maintaining credibility.
• Creative financing options like rent-to-own can be beneficial for first-time homebuyers who may struggle to qualify for traditional mortgages.
• New investors often face challenges such as overwhelm and the need to find the right information and support system.
• Optimizing portfolios and making strategic decisions, such as selling underperforming properties, can help investors achieve their long-term goals.
• CMHC financing requires careful planning and consideration of factors like property upgrades and loan-to-value ratios in order to qualify for favourable terms.
• Commercial mortgages present unique challenges and require expertise in navigating the business aspects of real estate investing.

If you're looking to access the best financing for Real Estate Investors in Canada & the U.S.A., then I suggest you Book A Free Strategy Call with a specialist on my team.